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Kabimba’s party to boycott Lusaka Mayoral by-election over validation of Education Certificates

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Rainbow Party Presidential Candidate Wynter Kabimba
Rainbow Party Presidenti Wynter Kabimba
Rainbow party leader Wynter Kabimba says his party deliberately decided not to participate in the July 26th Lusaka Mayoral by-election because he has outstanding issues with the Electoral Commission of Zambia.

Kabimba said in an interview that he was going to sue the Electoral Commission of Zambia for disregarding the 2016 High Court judgement ordering the commission be the institution in charge of validating certificates of aspiring election candidates instead of the Examination Council of Zambia.

“We have an issue with the Electoral Commission of Zambia. Every little political party is glossing over this issue until they get caught up in it in 2021, and that is the issue of validation of certificates. Our position is that there is a high court judgement which was delivered I think in May or June in 2016 and it was in the case of Sibongile Zulu versus the Attorney General and the Electoral Commission of Zambia. And in that case, the judge made it very clear that is not right for candidates to be getting their certificates validated by the Examination Council of Zambia. That job is an administrative job for the Electoral Commission of Zambia” Kabimba said.

Kabimba said that the Examination Council and the Electoral Commission were both stealing from poor citizens.
“In other words, the Examination Council of Zambia is stealing money from Zambian citizens that are standing as candidates, in collaboration with the Electoral Commission of Zambia. And these are poor people that even can’t afford a meal, and you are saying that you are promoting democracy in this country? democracy intells that the poor and the rich must participate in the affairs of their country. In the meantime, you are putting in place rules that have been outlawed by the high court, to discriminate against the poor people,” Kabimba said.

“We have written letters to the Electoral Commission of Zambia to say to them, ‘you didn’t appeal, you were a party to this game, Sibongile Zulu versus the Attorney General, the Electoral Commission of Zambia’, ‘So if you didn’t appeal, you must abide by the judgement.’ They have been dilly-dallying in giving us a clear answer. What we want to do now is [to] take the Electoral Commission of Zambia to court for contempt of Court.

So we are not an opportunistic party. This is not about just participating in an election, it is to ensure that the electoral process in which we are participating does not discriminate against any citizen of this country, poor or rich.”

Kabimba however wondered how the electoral commission was failing to implement its own set rules.

“And this issue was agreed in 2016 and we all agreed, the political parties that are participating agreed that the Electoral Commission of Zambia that the validation of certificates should be done at the Electoral Commission of Zambia and everybody now has glossed over that agreement. And yet the Examination Council of Zambia does not even have the capacity when it comes to presidential and general elections to validate certificates for over 10, 000 candidates, if you look at councillors up to members of parliament. You have more than 10, 000 candidates, [but Examination Council of Zambia ] does not have the capacity. In 2016, people were spending nights at the Examination Council of Zambia getting their certificates validated. So you are putting rules in place when you do not even have the capacity to deal with those rules or to implement those rules. So for us as Rainbow party, we have an issue with the Electoral Commission of Zambia and the Examination Council of Zambia, and we want this issue to be resolved, that is the reason,” said Kabimba

Anil Agarwal to delist Vedanta Resources from London Stock Exchange, offers $1billion buyout

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President Edgar Lungu (right) listens to Vedanta Resources PLC Chairman Anil Agarwal (left) who paid a courtesy call on him at State House on Friday.
President Edgar Lungu (right) listens to Vedanta Resources PLC Chairman Anil Agarwal (left) who paid a courtesy call on him at State House on Friday.

Mining mogul Anil Agarwal plans to delist his flagship firm Vedanta Resources Plc from the London Stock Exchange (LSE) after buying out 33.5 per cent of non-promoter shareholders for about $1 billion.

Agarwal’s Volcan Investments Ltd, which currently holds 66.53 per cent of Vedanta, made a cash offer for 825 pence a share, a 14 per cent premium to company’s three-month volume weighted average price.

Vedanta Resources in a statement said it will recommend acceptance of the offer by the shareholders, who would also be entitled to a previously announced dividend of $0.41 per share.

The company no longer sees the London listing as necessary to access capital and the deal will simplify Vedanta’s corporate structure, it said.

The move comes weeks after the killing of 13 protesters in police firing at the firm’s copper smelter plant in Tamil Nadu last month that led to political opposition to the company in the UK and drop in its share price.

Volcan is a holding company wholly owned by the Anil Agarwal discretionary trust. Agarwal is also Anglo American’s biggest shareholder with a nearly 20 per cent stake through Volcan.

After delisting of Vedanta Resources, Agarwal would have just two listed companies in India — Vedanta Ltd which houses his sprawling copper, silver, lead, iron ore, power, aluminium mining and oil and gas, and Hindustan Zinc Ltd.

Vedanta Resources owns 50.1 per cent of Vedanta Ltd and has near 65 per cent holding in Hindustan Zinc. It also owns 79.4 per cent of Konkona Copper Mines in Zambia, Africa.

The delisting will take 2-3 months as it will have to make a firm offer in 28 days.

Vedanta said an independent committee, formed to review and evaluate the proposal, has indicated to Volcan Investments that it supports the offer and intends to recommend a firm offer to the shareholders.

Agarwal said Vedanta was the first Indian company to be listed on the London Stock Exchange in 2003.

“The London listing has served us extremely well since that time. However, given the subsequent growth of our underlying businesses and the maturity of the Indian capital markets, together with related feedback from our shareholders and other stakeholders, we have concluded that a separate London listing is no longer necessary to achieve the Vedanta Group’s strategic objectives.

“In taking this important step towards greater group simplification, we wanted to ensure that the independent shareholders of Vedanta Resources Plc were provided with the opportunity to exit on attractive terms, and I believe this possible offer will deliver on that objective,” he said.

Vedanta said the offer price of 825 pence per share values the company at 2.324 billion pounds and is 27.6 per cent higher than Friday’s closing price of 647 pence a share.

Volcan believes that the “offer price represents an attractive premium when considered on a relative basis compared to the recent share price of Vedanta and in the context of relevant precedent minority buy-out transactions in the United Kingdom”.

Also, the offer of cash provides an immediate and certain premium.

“Simplification of the corporate structure of Vedanta and its subsidiaries has been a key ongoing objective for the Vedanta Group, examples of which over the past several years include the merger of various Indian subsidiaries to create Vedanta Ltd, and the merger of Cairn India Ltd into Vedanta Ltd.

“Volcan believes that now is the right time to take another important step in simplifying the structure of the Vedanta Group by removing a duplicative stock exchange listing, which it believes to be in the best interests of all stakeholders,” the statement said.

Vedanta Resources was created to provide a platform to access a deeper pool of equity and debt capital in the United Kingdom and global markets, when predecessor entities were smaller and less liquid, and the Indian capital markets were less mature.

“Volcan believes that the original rationale for Vedanta is now less compelling, given the increased maturity of the Indian capital markets, together with Vedanta Limited’s significant growth,” it said.

The offer is subject to Volcan receiving any necessary external approvals for its financing structure and receiving satisfactory confirmations from Vedanta’s principal lenders that they do not object to the delisting of company’s shares.

Commenting on the possible offer, Deepak Parekh, Senior Independent Director of Vedanta, said: “Since being approached, the independent directors of Vedanta Resources Plc have evaluated the possible offer and have negotiated its terms. We are now pleased to confirm our intention to recommend the possible offer to Vedanta’s independent shareholders if and when it is formally made in the terms announced today.

Senior Chief Monze of the Tonga speaking appeals to Government to build him a palace and a road to it

Southern Province permanent secretary Mr Sibanze Simuchoba (right) greets Senior Chief Monze(left) while Chief Chikanta ( seated in the middle)of Choma District and the host Chieftainess Choongo ( seated left)looks on during the inaugural Samu Lya Moomba Lwiindi Traditional Ceremony of the Tonga speaking people of Choongo Chiefdom
Southern Province permanent secretary Mr Sibanze Simuchoba (right) greets Senior Chief Monze(left) while Chief Chikanta ( seated in the middle)of Choma District and the host Chieftainess Choongo ( seated left)looks on during the inaugural Samu Lya Moomba Lwiindi Traditional Ceremony of the Tonga speaking people of Choongo Chiefdom

Senior Chief Monze of the Tonga speaking people of Monze District has appealed to government and the private sector to help restore his dignity by building a palace.

Speaking during the Lwiindi Gonde Traditional Ceremony held yesterday, Chief Monze said he has no palace of his own and consequently on government and the business sector to construct him a modern palace.

” I don’t have a palace and it is my appeal to companies and including government to build me a palace for me before I die so that I can have dignity and discourage my duties well,” said Chief Monze .

He further thanked people who attended the event and most importantly paid tribute to the Lwiindi Gonde Organising Committee, the Patron and UPND leader Mr. Hichilema, the council, government departments and parastatals for their various contribution to the success of the ceremony.

And Opposition United Party for National Development(UPND) leader Hakainde Hichilema has implored government through the Food Reserve Agency (FRA) to announce the floor price of maize to enable farmers negotiate for better prices for their agricultural commodities.

And the Mr. Hichilema says it was important for government to immediately announce the floor price to avoid unscrupulous maize buyers from swindling farmers.

He said the ‘delay’ to announce the floor price has forced many farmers to sale their maize commodity cheaply thereby depriving them of profit.

” This delay by government to announce the floor price has forced many farmers to sale their agricultural commodities especially maize cheaply and I want to appeal to government to set the floor price for farmers to have a better bargaining power and avoid been exploited,” said Mr Hichilema.

However, government has always maintained that it does not control prices of any agricultural goods and has been encouraging farmers across the country to bargain to sale their agricultural products at better prices without waiting for government floor price.

Mr. Hichilema also called on government to control outbreaks of cattle diseases to ensure a thriving livestock sector.

Meanwhile, Chieftainess Mweenda of Chikakanta District the road to leading to her palace was in a deplorable state and thus needed to be worked on as soon as possible for ease of transport of her subjects and goods.

” Am a mother to both President Lungu and HH and I hope one of you will construct help to construct a better road to my palace,” said Chieftainess Mweenda.

Monze Central Member of Parliament Mr. Jack Mwiimbu appealed to the private sector operating in Southern Province to financially assist in organizing traditional ceremonies such as Lwiindi Gonde ceremony.

He observed that it was sad that some companies were eager to help some traditional ceremonies in other parts of the country but fail to assist Tonga traditional ceremonies such as Lwiindi Gonde and yet they were making profit as well in Southern Province.

” We are appealing to companies such as Airtel, MTN and Zamtel that make profit here in Southern Province to come on board and support our traditional ceremonies they way they support other tradtional ceremonies in some parts of the country,” said Mr. Mwiimbu.

Senior Chief Mukuni who was guest of honour urged all traditional leaders in the country to support each other in promoting cultural heritage of various chiefdoms.

The event which was dominated by UPND officials and cadres was attended by Chiefs Chiakanta of Kalomo, Mungaila ,Muchila all of Namwala, Chief Mukuni of Livingstone, Chief Hamundu of Pemba Districts, and Chief Representatives of Chief Mwanachingwala and Hanjalika of Mazabuka District

others included Chiefs Hamusonde, Mwanza, Chona and chief Representative of Chieftainess Choongo and Chief Ufwenuka all of Monze District.

Revenue collected cardinal for the Zambia’s socio and economic development – Shuko

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Zambia Revenue Authority (ZRA) says it is implementing various initiatives aimed at improving service delivery to its clients.

ZRA Commissioner Domestic Taxes Moses Shuko says the authority is open to clients with constructive ideas that would help to enhance the collection of taxes.

Mr Shuko said this in a speech read on his behalf by ZRA Indirect Taxes Director George Mwale when he graced the Association of Building and Civil Engineering Contractors workshop in Lusaka.

He noted that the authority will only be able to collect more revenue when it forges strong ties with its cliental.

“ ZRA wants to ensure that it delivers satisfactory service to the customers as it collects revenue on behalf of government, “ he said.

He explained that the revenue collected by the ZRA is cardinal to the socio and economic development of the country.

Mr Shuko expressed optimism that the recommendation from the workshop will go a long way in improving its service delivery.

And Association of Building and Civil Engineering Contractors Honorary Paul Golson thanked ZRA for accepting to meet the contractors and discus taxation in the construction industry.

Mr Golson said the construction industry is one area were ZRA should formulate good measures that will enable the sector to contribute to the national treasury.

Chembo set for Zesco reunion in Ndola derby showdown

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Buildcon coach Tenant Chembo is set for his first meeting against Zesco United when they meet in Wednesday’s derby date at Levy Mwanawasa Stadium in Ndola.

Chembo walked out on the six-time champions after he guided them to the 2017 league title but the long-serving former assistant was not given the job on a permanent basis at the start of the 2018 campaign.

But Chembo sdoes not believe it will be a grudge match and is looking forward to the reunion.

“Not really, I am an Ndola resident; we feed from the same pot, so it isn’t really,” Chembo said.

“Each and every game is a different game, it is going to be a local derby and we have respect for Zesco.

“What is important is to prepare ourselves, we need to plan well, it’s a battle, and we are going for a battle.

“They are playing well, their morale is high in camp but we just have to go and absorb the pressure that they will throw at us.”

Chembo has steered Buildcon from bottom of the log when he took over after losing their opening three games and are now 10th on 31 points, twenty behind Zesco.
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And Zesco have admitted that Chembo will pose an interesting challenge to their ten-match unbeaten run.

“Tenant is our son, he comes from Zesco, so of course he knows us, and we know him, it is going to be a tough game,” Zesco assistant coach Alfred Lupiya said.

“It will also be a fair game but we will put in everything. We will go an extra mile, and we know they too will put in that extra mile, but we will go that extra-extra mile.”

Meanwhile, twenty points separate 9th placed Buildcon and leaders Zesco who have 31 and 51 points and are unbeaten in their last five and ten league matches respectively.

Furthermore, Zesco are undefeated against Buildcon with two wins and a draw since the latter made their FAZ Super Division debut in 2017.

Zanaco lose ground in 2018 title race

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2017 FAZ Super Division runners-up Zanaco suffered another set-back in the 2018 title race following 3-2 Capital derby home defeat at Sunset Stadium against Lusaka Dynamos.

It was Zanaco’s second successive league defeat after Green Eagles beat those 2-1 away in Choma on June 30.

Just like in the Eagles game, the seven-time champions squandered an early lead after Lokwa Soulymane put them ahead 15th minute.

But Dynamos hit back twice before the break through Cletus Chama and Mwila Nsofwa in the 32nd and 42nd minutes respectively.

Zanaco then earned a fortunate equalizer via an Erick Kabulo own-goal in the 73rd minute but Dynamos put the result beyond doubt whenTardeli Ilunga snatched the winner in the 89th minute.

Mumamba Numba’s side swap places with Kabwe Warriors to 4th and 3rd respectively on 41 and 38 points respectively.

Warriors had a good day at home when they beat Nkwazi 1-0 on the same day at home in Kabwe thanks to 54th minute goal from Bibo Bindu.

The Railwaymen have moved within five points of second placed Green Buffaloes who could only draw 0-0 at home against Red Arrows in Lusaka to move five points behind leaders Zesco United who only play on Wednesday against Buildcon.

03/07/2018
Kabwe Youth Soccer Academy 0-Nakambala Leopards 0
Kabwe Warriors 1-Nkwazi 0
Green Buffaloes 0-Red Arrows 0
Zanaco 2-Lusaka Dynamos 3
New Monze Swallows 1-Nchanga Rangers 1
Napsa Stars 0-Green Eagles 2
Kitwe United 1-Power Dynamos 0
Nkana 2-National Assembly 2
04/07/2018
Zesco United-Buildcon
Lumwana Radiants-Forest Rangers

Black Mountain to be fenced off to ensure safety and security before operations resume


THE Black Mountain in Kitwe will be fenced off before operations resume to ensure safety and security, Chapamo Mineral Processing Limited director Kelvin Tembo has said.

Additionally, the number of police officers will be increased while movements of workers at the mining operation would be monitored strictly.

Mr Tembo said in an interview yesterday that the fencing off would be done soon to keep away intruders and curb illegal movements at the mining operation area.

Two weeks ago, part of the copper-slag caved in, killing 11 youths while several others were injured forcing Government to suspend operations.

Mr Tembo said all miners totalling 150 would be required to carry identity cards all the time while movement in and out of the premises would be monitored strictly.

“Even in the past, we were strict on identity cards which we had issued to the workers. But overtime, there was complacency and the situation was compromised. This time around, all workers will be required to use identity cards without exception,” he said.

He insisted that the 11 people who died in the accident were outsiders who strayed into the slag dump to sieve through the pits.

“It was a tragedy even though the deceased were not our workers. They were intruders but all the same we are still mourning with their families and we will work out assistance for them t,” he said.

Chapamo Mineral Processing Limited is a special-purposes vehicle comprising seven companies at the copper-slag, commonly known as Black Mountain.

Government gave 10 per cent of the slag-dump to small-scale miners under Chapamo while 90 per cent is under Chinese-owned Nkana Alloy.

Mr Tembo said Chapamo had been observing safety regulations and had employed five safety officers whose recommendation came from the Mining Safety Department.

In addition, he said, Chapamo had employed a qualified mine manager to superintend over operations at the Black Mountain, tucked between Wusakile Township and Nkana West and overlooking the Kitwe-Ndola highway.

Mr Tembo said Chapamo had its own security officers complemented by State security officers Kamfinsa mobile police unit.

He said the biggest challenge was that the Black Mountain area was porous and as a result people strayed into the pits to scavenge for chrome, a mineral which is used as a decorative or protective finish on motor vehicles and other objectives.

Chapamo and Nkana Alloy on the other hand collect the copper slag, which was dumped during ZCCM mining operations after passing through the furnace in copper-ore form.

 

Glencore, Majority Owners of Mopani Mines, Subpoenaed by US Justice Department, Shares Tumble

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Glencore

Glencore, the majority owners of Mopani Mines has been ordered to hand over documents and records to US regulators related to its operations in Nigeria, the Democratic Republic of Congo and Venezuela dating as far back as 2007, sending its shares tumbling 12 per cent.

The Swiss-based mining and trading group led by billionaire Ivan Glasenberg said on Tuesday that it had received a subpoena from the US Department of Justice to produce documents with respect to compliance with the Foreign Corrupt Practices Act and US money laundering statutes.

The records related to the company’s activities in Nigeria, Venezuela and the DRC.

“Glencore is reviewing the subpoena and will provide further information in due course as appropriate,” the company said.

Glencore is the world’s biggest commodities trader, shifting millions of tonnes of metals, minerals and oil across the globe.

The company prides itself on operating in jurisdictions where many of its rivals fear to tread such as the DRC, Africa’s biggest copper producer and home to significant deposits of cobalt.

Traders noted that the DoJ subpoena comes just weeks after Glencore settled a dispute with Dan Gertler, its former business partner in the DRC.

Glencore said it would pay Mr Gertler in Euros so as to not fall foul of US sanctions, which were placed on the Israeli billionaire last year for his “opaque and corrupt mining deals” in the DRC.

At the time Glencore said it did not believe it was necessary to apply for a licence from the US government to pay Mr Gertler because no US person or the US financial system would be involved in the transactions.

It also claimed it has discussed the royalty payments, which it stopped paying in December, with the appropriate authorities in US and Switzerland, where the company has its headquarters.

However, the move unnerved investors and analysts who said the deal would test Washington’s resolve over sanctioned individuals. On the same day Glencore announced its deal with Mr Gertler, the US Treasury department placed sanctions on 14 companies with ties to the Israeli businessman, including the vehicle that will receive the royalty payments from Glencore.

The DoJ subpoena is the latest in a string of problems to hit Glencore this year.

In addition to its legal fight with Mr Gertler, it also agreed to write off $5.6bn of debt in a joint venture with Gecamines, the DRC’s state mining, to end another legal dispute.

The company could also face a bribery probe by the UK’s Serious Fraud Office over its ties to Mr Gertler.

Global Witness, a campaign group, said: “Holding Glencore accountable is a huge step in global accountability more generally. It would set a precedent for companies all over the world who, in many cases, are able to act with impunity in regards to the world’s mineral wealth.”

In early trading on Tuesday, Glencore shares were down 12 per cent to 303p, wiping more than £5bn off its market capitalisation, which now stands at £45bn.
“There is not enough detail in the release to understand exactly what the investigation holds, however with the subpoena covering multiple countries, this would indicate that there is a relatively thorough investigation at hand,” said Tyler Broda, analyst at RBC Capital Markets.

“The Foreign Corrupt Practices Act appears at first investigation to provide subject to sanctions, fines and penalties up to $25m or twice the gain or loss caused by the violation and imprisonment for up to 5 years per occurrence,” added Mr Broda.

Mauritius asks Zambia and others to reject the Anti-Money Laundering Report

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Minister of Finance Margaret Mwanakatwe (l) His Excellency Zambia High commissioner to South Africa Emmanuel Mwamba (c) and Secretary to the Treasury Fredson Yamba follow the proceeding during the Zambia South African Finance and Investment Forum at Southern Sun

Mauritius’ Minister of Financial Services and Good Governance, Dharmendar Sesungkur has appealed to Zambia’s Minister of Finance Margaret Mwanakatwe to reject the Mutual Evaluation Report(MER) done by the Secretariat of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG).

In a letter dated 25th June 2018 and delivered to Zambia’s High Commissioner to South Africa, Mr Emmanuel Mwamba Mauritius has strongly objected to the Mutual Evaluation Report(MER) requesting Zambia and other member states to reject the report.

Accrding to a statement released to the media by Mrs Naomi Nyawali, the First Secretary Press and Public Relations at the Zambian High Commission in Pretoria South Africa, Mr. Sengukar stated that the report had numerous incorrect facts and wrong conclusions.

Mauritius doubted the accuracy and completeness of the information submitted by Financial Intelligence Unit(FIU).

Mauritius has called for the review of the Report.

Mauritius has stated that the report must be with-held until such a time that procedural impropriety and the concerns on the issue of quality and consistency were addressed.

Mauritius also stated that the Financial intelligence Unit(FIU) had not been sharing with law enforcement agencies and competent authorities strategic analysis on trends and patterns on money laundering and terrorism financing.

Mauritius stated that most of the information highlighted by the Financial Intelligence Unit(FIU) were resolved by the investigative, law enforcement agencies and other competent authorities.

Mauritius stated that the country was committed to assisting and cooperating in combating money laundering and the financing of terrorism in Eastern and Southern Africa and had encouraged other states to go through the mutual evaluation as set up by the Council of Ministers of the member States.

In submitting to the evaluation exercise, Mauritius wanted to strengthen its process to fight money laundering activities but said the evaluation had was full of inconsistencies and numerous shortcomings.

ESAAMLG is a Regional Body subscribing to global standards to combat money laundering and financing of terrorism and proliferation.

The 18 Member countries are; Angola, Botswana, Ethiopia, Kenya, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Rwanda, Seychelles, South Africa, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe.

Copperbelt Youths Warn GBM

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GBM speaking during the Gonde Lwiindi ceremony
GBM speaking during the Gonde Lwiindi ceremony

The Youths on the Copperbelt are extremely disappointed with the continued use of barbaric and thuggery language by UPND vice president Mr Geoffrey Bwalya Mwamba.

Mr Mwamba yesterday on Monday appeared on a program dubbed the Oxygen of Democracy where he found it very comfortable to use words that do not inspire. Just the use of insulting language on any platform, is unZambian, unChristian and is unacceptable and not inspiring to the Zambian youths.

As youths on the Copperbelt, we expect all those who aspire into leadership to inspire others when they appear on public platforms to sell their ideologies. What is now common is the manner in which senior leaders from some opposition parties can find pleasure in using insulting language. What lessons can we learn from Mr Mwamba who wants to stand as vice president of this nation as a running mate to Mr HH, can boost openly and use words that do not want to inspire many Zambians? We live it to the Zambian people to Judge.

Mr Mwamba who is the vice president of a big opposition party should by any means try to inspire the young people to join politics. Unfortunately with his language, he is creating an impression that politics is about insults and vulgar language .

We as youths on the Copperbelt we will not condone such kind of language coming from a top leader.

Further, we feel Mr Mwamba should be the least person to talk about violence. Why do we say so, first, Mr Mwamba is violent himself by his message. Violence for Mr Mwamba starts from his home, his work place and spread to his workers. Who does not know that Mr Mwamba is a violent man? Records are there for anyone to see that he is Mr Violence from his home and workers! So we don’t expect him to be speaking the loudest when he is a subject of violence. No wonder he is now the developer of the ‘Panga for Panga’ theory in UPND. He is busy promoting violence.

As youths on the Copperbelt, we want to make it clear that his theory of Panga for Panga should remain at his home. We will not allow violence on the Copperbelt.

We want Mr Mwamba to learn from President Edgar Lungu who has openly condemned any acts of violence in the country. The President has told us not to be involved in any form of violence.

Issued by:

Nathan Chanda

PF Copperbelt Youth Chairman

Regulating Bank charges would be against the the Zambian Law-Bankers

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Minister of Finance Margaret Mwanakatwe
Minister of Finance Margaret Mwanakatwe

The Bankers Association of Zambia says moves to introduce a new law that will introduce uniform bank transaction charges will contravene the competition law.

Recently, Finance Minister Margaret Mwanakatwe told Parliament that Government is planning to sign a Statutory Instrument to regulate bank charges.

Mrs. Mwanakatwe said Government is aware of the high over-the-counter charges that are levied on withdrawals for amounts above the limits dispensed by automated teller machines (ATMs).

But Association Spokesperson and Administration Officer Mirriam Zimba said in an interview that such plans would go against the Competition and Consumer Protection Act.

Ms Zimba said the Zambian Competition Law is also in conformity with other continental and global treaties which the country cannot easily walk away from.

She also stated that it would be important that the Bankers Association of Zambia is consulted before such legislation is passed.

“Clearly we are the major stakeholder in this process and it would be important that we are fully consulted,” Ms Zimba said.

She also advised the public to shop around for a bank with lower prices that suit their pockets instead of complaining about high charges.

She said the pricing of products for each bank is usually based on the cost of their infrastructure.

Ms. Zimba said the Zambian banking sector has around 17 commercial banks and a bouquet of products, giving clients options to pick the best offer that perfectly suit their pockets.

Zambia’s economic growth slumped to 2.6 per cent in the first quarter

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A man counts out Zambian kwacha 50 denomination banknotes in this arranged photograph in Lusaka, Zambia, on Thursday, Oct. 8, 2015. Zambian Finance Minister Alexander Chikwanda is seeking to restore confidence in the economy to help reverse the world’s worst currency performance, record borrowing costs and sliding growth. Photographer: Waldo Swiegers/Bloomberg
Zambia’s economic growth slumped to 2.6 per cent in the first quarter of this year, down from 3.2 per cent during the corresponding period last year, mainly driven by negative growth rates in the agriculture and transport sectors, CSO data reveals.

Although Central Statistical Office (CSO) data points out that the country’s gross domestic product (GDP) hit an estimated K61.1 billion in the first quarter of this year, compared to K54.4 billion during the corresponding period in 2017, year-on-year growth rates have slumped to 2.6 per cent, compared to 3.2 per cent over the corresponding period.

This means that Zambia’s economic growth rate of 2.6 per cent during the quarter under review has been the lowest since the final quarter of 2015, when growth at 1.8 per cent during that quarter was recorded.

“The year-on-year quarterly growth rates at constant 2010 prices show that the economy grew by 2.6 per cent in the first quarter of 2018 compared to 3.2 per cent in the first quarter of 2017,” CSO stated in June’s monthly bulletin released, Friday.

“The mining and quarrying industry contributed the highest to the first quarter growth with 1.4 percentage points, followed by the financial & insurance, information & communication and wholesale & retail trade industries with 0.9, 0.6 and 0.4 percentage points, respectively. The industries with the highest growth rates were information and communication (28.1 per cent), financial and insurance (26.6 per cent) and mining & quarrying (14.1 per cent).”

Analysis from the CSO’s National Accounts data reveals that negative growth rates were recorded in the agriculture, forestry and fishing sectors of -1.9 per cent, while the transportation and storage industries also contributed a negative growth rate of -0.2 per cent to the economy.

GDP is the total value of an economy’s domestic output of goods and services, typically in a fiscal year, and is one of the key indicators of economic growth.

HH maintains his call on UPND members to defend themselves when attacked

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HH and GBM waves to the people upon arrival at the Gonde Lwiindi ceremony
HH and GBM waves to the people upon arrival at the Gonde Lwiindi ceremony

UPND President Hakainde Hichilema has maintained that party members should be able to defend themselves when attacked by PF cadres.

Mr Hichilema’s was widely condemned when he first made the call last week by some PF officials including President Edgar Lungu who accused him of fermenting violence.

But he has stressed that only those that those in the habit of attacking the innocent are worried by the notion that citizens should defend themselves.

Mr Hichilema was speaking on Sunday when he along with his Vice President Geoffrey Bwalya Mwamba and several other senior party officials attended the the Gonde Lwiindi ceremony.

He told the gathering that when attacked by those who are at variance with divergent views and democracy, citizens must stand up and defend both themselves and their rights.

“As stated by many, self defence is a constitutional and fundamental human right and only those in the habit of attacking the innocent are worried by the notion that citizens should defend themselves,” he explained.

Mr Hichilema also called for unity and peace in order to drive development for all Zambians.

He also called for viable agriculture and economic activities but that all these are only possible when there is no one attacking those who have contrary opinions or indeed better views.

Tradition on display at the Gonde Lwiindi ceremony
Tradition on display at the Gonde Lwiindi ceremony
GBM speaking during the Gonde Lwiindi ceremony
GBM speaking during the Gonde Lwiindi ceremony
HH smiles at the Gonde Lwiindi ceremony
HH smiles at the Gonde Lwiindi ceremony

WEEKEND SCORECARD: Bwale not happy with Zambia U20 display

1

Zambia Under-20 coach Charles Bwale says he is disappointed with Sunday’s display in the 1-0 junior friendly loss at home to Malawi.

Malawi beat hosts Zambia 1-0 at Nkoloma Stadium in Lusaka on July 1.

Zambia and Malawi were using the friendly to prepare for their forthcoming 2019 U20 AFCON final round qualifiers against Burundi and South Africa respectively.

Malawi scored the game’s only goal in the 2nd minute through Andrew Maliselo.

“We did not play a good game and it was more of individualism football but we have drawn some positives from the game,” Bwale said.

“We were using the match to assess certain players to give them that exposure.

“We have at least seen what we are looking for, otherwise, we didn’t play a coordinated game.”

Zambia face South Africa in their last friendly on July 8 at Nkoloma before hosting Burundi in the first leg qualifier at the same venue on July 14.

“Definitely you will see a different play against South Africa from the one you have seen so far,” Bwale said.

INTERNATIONAL
JUINOR FRIENDLY
01/07/2018
Nkoloma Stadium, Lusaka
Zambia U20 0- Malawi U20 1(Andrew Maliselo 2′)

FAZ SUPER DIVISION
WEEK 21

30/06/2018
Nakambala Leopards 0-Green Buffaloes 0

Red Arrows 0-Kabwe Warriors 1(Bibo Bindu 40′)

Lusaka Dynamos 2(Conlyde Luchanga 23′ 46′)-Lumwana Radiants 1(Obert Masumbuko 83′)

Nkwazi 3(Jeff Banda 22′, Steward Chikandiwa 33′, Davy Kalandanya 67′)-New Monze Swallows 1(Lawrence Chungu 70′)

Green Eagles 2(Spencer Sautu 39′, Anos Tembo 53′)-Zanaco 1(Martin Phiri 8′)

Nchanga Rangers 0-Napsa Stars 0

Kitwe United 4(Emmanuel Chabula 3′ 29′ 83′,Moses Lolozi 58′)-Kabwe Youth Soccer Academy 1(Clement Mulenga 88′)

Power Dynamos 4(Lameck Kafwaya 2′, Alex Ngonga 51′ 90′,Godfrey Ngwenya 83′)-National Assembly 0

01/07/20

Forest Rangers 2(Douglas Muwowo 58′, Arafat Ilunga 90’+1)-Zesco United 3(Jesse Were 6′ 24′,Lazarus Kambole 83′)

Buildcon 1(Rahim Osumanu 33′)-Nkana 1(Idris Mbombo 68′)

2018 TOP SCORERS
LEAGUE
01/07/2018
Idris Mbombo(Nkana):11

Jesse Were (Zesco):10
Rahim Osmanu(Buildcon):10

Chris Mugalu(Lusaka Dynamos):9

Lazarus Kambole(Zesco):8
Tapson Kaseba(Eagles):8
Emmanuel Okutu(Warriors):8

Alex Ngonga(Power Dynamos):7

Emmanuel Chabula(Kitwe):6

Spencer Sautu (Eagles):5
Martin Phiri (Zanaco):5
Ronald Kampamba(Nkana):5
George Chaloba(Assembly):5
Rogers Mukenge (Kitwe):5
Diamond Chikwekwe(Buffaloes):5
Joseph Phiri(Arrows):5
Sebastian Mwansa (Nkwazi):5

Obed Masumbuko(Lumwana):4
Lameck Kafwaya(Power):4
Gerald Chisha(Forest):4
Youremember Banda(Buffaloes):4
Kobe Chipeta (Forest):4
Patrick Kasongo(KYSA):4
John Chingandu(Zesco):4
Nelson Maziwisa (Warriors):4
Peter Mwangani(National Assembly):4
John Makwatta(Buildcon):4
Alex Mwamba (Napsa):4
Hereitier Nkonko(Kabwe Warriors):4

Conlyde Luchanga(Dynamos):3
Anos Tembo(Green Eagles):3
Steward Chikandiwa (Nkwazi):3
Godfrey Ngwenya(Power):3
Clifford Saidi(KYSA):3
Hosea Silwimba(Lumwana):3
Ernest Mbewe (Zanaco):3
Rogers Kola (Zanaco):3
Austin Muwowo (Kitwe United):3
Walter Bwalya(Nkana):3
Damiano Kola (Forest):3
Peter Chinyama (KYSA):3
Joseph Ochaya(Dynamos):3
Kelvin Mubanga (Power Dynamos):3
Luka Lungu (Napsa):3
Larry Bwalya(Power Dynamos):3

Douglas Muwowo(Forest):2
Davy Kalandanya(Nkwazi):2
Cletus Chama(Dynamos):2
Lottie Nyimbili(Nakambala Leopards):2
Maybin Kalengo(Zesco):2
Charles Zulu(Zanaco):2
Bornwell Mwape(Nkana):2
Lawrence Chungu(Buildcon):2
Brian Mwila (Buildcon):2
Allan Kapila(Lumwana):2
Amity Shamende(Assembly):2
Justin Zulu(Arrows):2
Emmanuel Banda(Nakambala):2
Patrick Musonda(Nkwazi):2
Victor Mubanga(Lumwana):2
Joseph Mwindilila(Swallows):2
Taonga Bwembya (Zanaco):2
Felix Nyaende(Zanaco):2
William Njobvu(Assembly):2
Tchite Mweshi (Assembly):2
Gampani Lungu(Power):2
Laurent Muma(Forest):2
Maisha Chavda(Zanaco):2
Friday Samu (Buffaloes):2
Patrick Ilongo (Forest):2
Nasha Kaya(Nchanga):2
Jonathan Manongo (Eagles):2
Fackson Kapumbu (Zesco):2
Simon Nkhata(Napsa):2
Wilbroad Mutale(Monze):2
Reagan Nkuyi(Power Dynamos):2
Aubrey Chellah(Buffaloes):2
Josphat Kasusu (Arrows):2
Peter Zulu(Nchanga):2
Collins Sikombe(Dynamos):2
Rupert Musonda(Kitwe United):2
Derrick Mwansa (Arrows):2
Shadreck Musonda(Nkana):2
Fredrick Mwimanzi(KYSA):2*
*Denotes one own goal

Zambia saddened by failure by UN’s Peace and Security council to act on silence the guns in Africa

President Edgar Lungu with Foreign Affairs Minister Joe Malanji at State House during the New year greeting ceremony with High Commissioners and Ambassadors accredited to the republic of Zambia
Zambia says it is sad that the Peace and Security Council has not developed modalities for monitoring and evaluation on the implementation of the African Union Master Roadmap of Practical steps to silence the guns in Africa.

This is despite the adoption of the Roadmap in January 2017.

Minister of Foreign Affairs, JOE MALANJI has since called on the Peace and Security Council to develop the mechanisms as a matter of urgency.

Mr MALANJI says the absence of mechanisms can compromise the full implementation of the Master Road Map to Practical Steps to Silence the Guns on the continent.

The Minister said that Zambia is committed to be part of the resolve to eliminate all manner of conflicts on the continent. He said that to eliminate all conflicts, Zambia believes there is need to remove all the drivers of conflict.

Mr. MALANJI says Zambia has taken the effort to develop various preventative measures in a bid to curb the illicit arms proliferation, circulation and trafficking of arms.

Mr. MALANJI was speaking today during the 31st Ordinary session of the Assembly of the African Union which was discussing the implementation of the African Union Master roadmap of practical steps to silence the Guns in Africa by 2020.

He said that amongst many other initiatives being employed, Zambia has acquired and is using Pin Marking Machines in order to account for all firearms with extended capacity building.

Mr. MALANJI said that Zambia has established institutions to enhance detection of illicit activities which lead to the proliferation of illicit arms. He said that such an institution is the Financial Intelligence Centre which in its responsibilities has the requirement to cooperate and relate to other regional and international stakeholders for the purpose of information sharing.

The Minister further stated that in observing the African Union Amnesty month of September, Government will among many other activities, burn surrendered weapons, a process which will not only be symbolic but a clear manifestation of fact that Africa is ready to silence the guns.